MANILA – The Philippine central bank’s monetary policy actions are not tied to the decisions of the United States’ Federal Reserve, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said on Monday.
The U.S. Fed meets on June 14 to 15, with most economists expecting a 50 basis point rate hike. The Philippines has signalled another rate increase for its June 23 policy meeting.
(Reporting by Neil Jerome Morales and Enrico dela Cruz; Editing by Kanupriya Kapoor)